INR Full Form: Indian Rupee – Complete Guide
BankingIndian Rupee
The Indian Rupee (INR) is the official currency of India, issued and regulated by the Reserve Bank of India (RBI). It plays a crucial role in the Indian economy and is an important currency in international trade and forex markets.
Symbol
₹ (Unicode: U+20B9)
Authority
Reserve Bank of India
Status
Legal Tender
Key Features
- Official Currency of India
- Regulated by RBI
- Multiple Security Features
- Various Denominations
- International Recognition
- Digital Payment Support
Currency System
Notes
Paper Currency
Coins
Metal Currency
Digital
Electronic Payments
Forex
International Exchange
Regulation
Monetary Policy
Functions & Uses
Domestic
- Legal Tender
- Store of Value
- Medium of Exchange
- Unit of Account
International
- Foreign Exchange
- Trade Settlement
- Currency Markets
- International Trade
Related Terms
More Banking Full Forms
PAN
Permanent Account Number
A Permanent Account Number (PAN) is a unique ten-character alphanumeric identifier issued by the Income Tax Department of India. It serves as a crucial document for financial transactions and tax purposes.
NEFT
National Electronic Funds Transfer
A nation-wide payment system facilitating one-to-one funds transfer between bank accounts in India.
FD
Fixed Deposit
A Fixed Deposit (FD) is a financial instrument provided by banks that provides investors with a higher rate of interest than a regular savings account, until the given maturity date.